Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia - 2022

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia (CIF) - 2022
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia (FOB) - 2022
3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia
4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia (CIF) - 2022

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $5,850 per ton, with a decrease of -58.7% against the previous year. Overall, the import price showed a abrupt descent. The growth pace was the most rapid in 2017 an increase of 28%. Over the period under review, average import prices hit record highs at $14,603 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,888 per ton), while the price for Belarus ($4,426 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $5,283 per ton, with an increase of 33% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $13,099 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($13,852 per ton), while the average price for exports to Ukraine ($3,746 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (-2.8%), while the prices for the other major destinations experienced a decline.

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia

In 2022, approx. 110 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were imported into Russia; picking up by 51% on the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses contracted dramatically to $645K in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of $1M, and then dropped sharply in the following year.

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Russia in 2022:

1. Brazil (89.0 tons)
2. Spain (17.8 tons)
3. Belarus (2.6 tons)
4. Germany (0.1 tons)

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Russia

After three years of growth, overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -31.8% to 12 tons in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 103% against the previous year.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses declined to $63K in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 43%. As a result, the exports attained the peak of $76K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Russia in 2022:

1. Lithuania (4.0 tons)
2. Estonia (3.4 tons)
3. Latvia (2.5 tons)
4. Ukraine (1.2 tons)
5. Kazakhstan (0.3 tons)
6. Kyrgyzstan (0.2 tons)
7. Belarus (0.2 tons)
8. Uzbekistan (0.1 tons)

Source: IndexBox Market Intelligence Platform